Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Unusually-High Trading Volume – Still a Buy?

Cementos Pacasmayo S.A.A. (NYSE:CPAC) saw unusually-high trading volume on Friday . Approximately 36,534 shares were traded during mid-day trading, an increase of 322% from the previous session’s volume of 8,659 shares.The stock last traded at $6.86 and had previously closed at $6.81.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Cementos Pacasmayo S.A.A. in a research report on Thursday, December 4th. JPMorgan Chase & Co. increased their target price on Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the company an “underweight” rating in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Cementos Pacasmayo S.A.A. has a consensus rating of “Hold” and an average price target of $6.95.

Cementos Pacasmayo S.A.A. Stock Down 0.2%

The company has a current ratio of 1.40, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $7.08 and a 200 day simple moving average of $6.57. The firm has a market capitalization of $576.01 million, a PE ratio of 9.71 and a beta of 0.69.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its earnings results on Tuesday, October 28th. The construction company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05. The company had revenue of $165.53 million for the quarter, compared to the consensus estimate of $159.70 million. Cementos Pacasmayo S.A.A. had a net margin of 10.68% and a return on equity of 17.19%. As a group, sell-side analysts forecast that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current year.

Cementos Pacasmayo S.A.A. Dividend Announcement

The company also recently announced a special dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.6018 per share. The ex-dividend date is Friday, November 21st. Cementos Pacasmayo S.A.A.’s dividend payout ratio is currently 78.57%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cementos Pacasmayo S.A.A. stock. Benjamin Edwards Inc. bought a new stake in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 75,041 shares of the construction company’s stock, valued at approximately $522,000. Benjamin Edwards Inc. owned 0.09% of Cementos Pacasmayo S.A.A. as of its most recent filing with the Securities and Exchange Commission (SEC).

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in Peru. It operates through three segments: Cement, Concrete, Mortar and Precast; Quicklime; and Sales of Construction Supplies. The company’s cement and concrete products are used in residential and commercial construction, and civil engineering; ready-mix concrete used in construction sites; concrete precast, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete precast for structural and non-structural uses; and cement-based products.